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Stochastic staying above 80 level — uptrend is running strong. Stochastic exiting 80 level downwards — expect a correction down or beginning of a downtrend. 20 — expect an upward correction or a beginning of an uptrend. The main idea behind Stochastic indicator according to its developer, George Lane, lies in the fact that rising price tends to close near its previous tutoriales openfx forex, and falling price tends to close near its previous lows.
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